FedEx Recasts Results After Freight Spin-Off and Fiscal Year Change
Filed with the SEC on · Summarized by InvestorsBot
FedEx said its June 1, 2026 spin-off of FedEx Freight and shift to a December 31 fiscal year-end will result in a seven-month transition period ending December 31, 2026, followed by calendar-year reporting. Recast second-quarter 2026 revenue was $22.93 billion and operating income was $1.33 billion, while adjusted diluted EPS was $4.98 compared with GAAP EPS of $25.05, which included a $4.49 billion gain on FedEx’s retained Freight investment and other adjustments. On October 1, 2026, FedEx also completed the $1.4 billion sale of FedEx Supply Chain to CMA CGM Group.